Tidal Investments LLC purchased a new stake in Vipshop Holdings Limited (NYSE:VIPS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 38,111 shares of the technology company's stock, valued at approximately $599,000.
A number of other institutional investors also recently modified their holdings of the business. Venturi Wealth Management LLC bought a new stake in Vipshop during the third quarter worth $56,000. Employees Retirement System of Texas lifted its holdings in shares of Vipshop by 143.2% in the second quarter. Employees Retirement System of Texas now owns 4,614 shares of the technology company's stock worth $60,000 after acquiring an additional 2,717 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Vipshop by 140.6% in the 3rd quarter. Blue Trust Inc. now owns 8,485 shares of the technology company's stock valued at $133,000 after purchasing an additional 4,958 shares in the last quarter. National Bank of Canada FI acquired a new position in Vipshop during the 2nd quarter worth approximately $136,000. Finally, Atomi Financial Group Inc. lifted its stake in Vipshop by 6.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 11,050 shares of the technology company's stock valued at $174,000 after purchasing an additional 702 shares during the last quarter. Institutional investors own 48.82% of the company's stock.
Analyst Upgrades and Downgrades
VIPS has been the subject of a number of research reports. Barclays initiated coverage on Vipshop in a research note on Wednesday, November 6th. They issued an "overweight" rating and a $19.00 price target for the company. Citigroup reduced their price target on Vipshop from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, November 20th. StockNews.com lowered shares of Vipshop from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Benchmark reissued a "hold" rating on shares of Vipshop in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $17.50.
View Our Latest Report on VIPS
Vipshop Trading Up 0.2 %
Shares of Vipshop stock traded up $0.03 on Monday, reaching $13.61. The stock had a trading volume of 963,960 shares, compared to its average volume of 3,842,993. The business's 50 day moving average is $13.99 and its two-hundred day moving average is $14.00. The company has a market cap of $6.99 billion, a P/E ratio of 6.51, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. Vipshop Holdings Limited has a 1 year low of $11.50 and a 1 year high of $20.19.
About Vipshop
(
Free Report)
Vipshop Holdings Limited operates online platforms in the People's Republic of China. It operates in Vip.com, Shan Shan Outlets, and Others segments. The company offers womenswear, menswear, sportswear and sporting goods, shoes and bags, accessories, baby and children products, skincare and cosmetics, home goods and other lifestyle products, and supermarket products.
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